GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Tata Sons to Sell More Than $1 Billion Worth of TCS Shares: Source

The holding company of salt-to-software Tata conglomerate is planning to sell the TCS shares for 2,872 rupees to 2,925 rupees each, CNBC TV18 reported on Monday.

Reuters

Updated:March 12, 2018, 6:55 PM IST
facebookTwittergoogleskypewhatsapp
Tata Sons to Sell More Than $1 Billion Worth of TCS Shares: Source
In this file photo, logos of Tata Consultancy Services (TCS) are displayed at the venue of the annual general meeting of the software services provider in Mumbai. (Photo: Reuters/Vivek Prakash)
Loading...
Mumbai: Tata Sons, the holding company of salt-to-software Tata conglomerate, is set to sell more than $1 billion worth of shares in flagship Tata Consultancy Services in a block deal on Tuesday, a source with knowledge of the matter told Reuters.

Tata Sons owned 73.5 percent of TCS as of end-December.

It is planning to sell the TCS shares for 2,872 rupees to 2,925 rupees each, CNBC TV18 reported on Monday.

That would be a discount of 4.2 to 5.9 percent to TCS's Monday closing price of 3,052.15 rupees.
| Edited by: Bijaya Das
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 203.60 6.60
Jet Airways 321.15 -7.32
Reliance 1,137.75 0.92
ICICI Bank 363.75 -1.03
Axis Bank 614.00 -0.94
Company Price Change %Gain
Grasim 855.00 2.63
Yes Bank 203.35 6.30
Jet Airways 321.25 -7.38
Bharat Fin 942.30 1.74
Reliance 1,138.00 0.93
Top Gainers
Company Price Change %Gain
Yes Bank 203.35 6.47
Grasim 853.90 2.64
Hindalco 235.95 2.61
Vedanta 211.60 2.32
Tata Motors 184.15 2.36
Company Price Change %Gain
Yes Bank 203.35 6.30
Tata Motors 184.35 2.76
Vedanta 211.50 2.32
IndusInd Bank 1,521.25 1.49
M&M 777.65 1.34
Top Losers
Company Price Change %Gain
GAIL 332.30 -2.89
Indiabulls Hsg 745.95 -2.64
ONGC 154.05 -1.47
HPCL 239.85 -1.56
Adani Ports 343.40 -1.17
Company Price Change %Gain
ONGC 154.20 -1.50
Bharti Airtel 330.30 -0.99
ICICI Bank 363.30 -1.12
Adani Ports 343.30 -0.97
Axis Bank 612.75 -0.90

Live TV

Loading...
Loading...